SEGMENT AND GEOGRAPHICAL INFORMATION

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 20 – SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in three reportable segments: (a) corporate (b) airport security and other aviation services and (c) authentication technology. The corporate segment does not generate revenue and contains primarily non-operational expenses. The airport security and other aviation services segment provides security and other aviation services to airlines and airport authorities, predominantly in the United States of America. The authentication technology segment provides authentication services to financial and other institutions, predominantly in Europe and the United States of America. All inter-segment transactions are eliminated in consolidation. The accounting policies of the segments are the same as the accounting policies of the Company as a whole.

The operating results of these reportable segments are regularly reviewed by the chief operating decision.

	Corporate			Airport Security and Other Aviation Services			Authentication Technology		Total
Year ended December 31, 2021:
Revenue	$	-		$	253,687		$	71,247	$	324,934
Depreciation and amortization		75			1,106			880		2,061
Net income (loss)		(1,666	)		21,558			21,396		41,288
Goodwill		-			690			-		690
Total assets		10,349			112,425			73,106		195,880
Year ended December 31, 2020:
Revenue	$	-		$	222,654		$	25,765	$	248,419
Depreciation and amortization		72			1,302			716		2,090
Net income (loss)		(3,853	)		6,056			3,199		5,402
Goodwill		-			746			-		746
Total assets		12,488			86,550			41,350		140,388
Year ended December 31, 2019:
Revenue	$	-		$	309,548		$	23,759	$	333,307
Depreciation and amortization		46			1,328			314		1,688
Net income (loss)		(11,740	)		(2,406	)		6,893		(7,253	)
Goodwill		-			681			-		681
Total assets		23,381			64,647			35,419		123,447

The following table sets forth, for the periods indicated, revenue generated from customers by geographical area based on the geographical location of the customer’s invoicing address:

	Year Ended December 31,
	2021		2020		2019
Germany	$	126,367	$	119,500	$	137,207
The Netherlands		52,165		58,446		97,700
United States		94,743		45,305		73,719
Spain		30,946		7,465		3,138
Other countries		20,713		17,703		21,543
Total revenue	$	324,934	$	248,419	$	333,307

The following table sets forth, for the periods indicated, property and equipment, net of accumulated depreciation and amortization, by country:

	December 31,
	2021		2020
Germany	$	361	$	449
The Netherlands		624		598
United States		422		305
Spain		118		159
Other countries		4,185		4,014
Total property and equipment, net	$	5,710	$	5,525

Property and equipment, net, in other countries include $3,956 and $3,179 property and equipment in Israel, as of December 31, 2021 and 2020, respectively.